📋 Tender Overview
The Honourable Andrew Parsons, KC, Minister of Industry, Energy and Technology, today announced the issuing of a Request for Proposals to award the mineral rights for the Glover Island Exempt Mineral Land.
Glover Island is located within Grand Lake in Western Newfoundland, roughly 30 kilometres southeast of the City of Corner Brook. The Exempt Mineral Land consists of the Lunch Pond gold deposit with an NI 43-101 resource estimate as well as 19 mineral prospects and showings, the majority of which are for gold, but there are also separate prospects for base metals like copper and/or zinc.
The property is currently designated an exempt mineral land, meaning that the mineral rights are reserved for the Crown and may be disposed of by the minister by public tender as per section 30(1) of the Mineral Act.
The successful proponent will be granted exclusive mineral rights under the Mineral Act. The proponent’s commitments will be incorporated as terms and conditions upon issuance of the licence. The Department of Industry, Energy and Technology does not bind itself to accept any proposal or to proceed with disposal of the exempt mineral land.
Closing date for receipt of proposals is January 22, 2025.
